Post Utme Mountain Top University 2024 Accounting Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 5 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A company maintains a cash book that shows the following transactions: Cash ₦10,000; Bank ₦20,000; and Accounts Payable ₦30,000. What is the total cash balance?

Answer Options

A. ₦40,000
Correct Answer B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 5. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support